Description

This 77-unit fully serviced site is approximately 11.8 acres, including roadways. It is accessed from Rebstock Road, Elmwood Avenue, and Schooley Road, and consists of a registered vacant land condominium with 49 townhouse lots, with an average frontage of approximately 35.4 feet, as well as 28 freehold lots for single detached residences, with an average frontage of approximately 49.30 feet, fronting on Elizabeth Road, a municipal roadway. Property is being sold As Is, Where Is. (id:66096)

Market Timing

Days on market

22d

Fort Erie listings, avg age

92d

List price

$8.95M

Homes here sell slower than most markets

Sold homes in this market spent an average of 62 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This vacant land in Fort Erie has been listed for 22 days, which is 70 days fresher than the city average of 92. Act while there is still low competition.

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Area context

Neighbourhood profile (L0S)

This home lists at $8,950,000, about 94.2× the local median household income of $95,000.

Carrying it typically needs a household income of about $1,748,248 (20% down, 25-yr amortization, stress-tested) — roughly 1740% above the area median.

Median household income: $95,000
Population: 60,409
Median age: 53.2
Owner / renter: 87% / 13%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA L0S)

$8,950,000

For sale

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Financing

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SCHOOLEY Road, Fort Erie - Vacant Land for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (L0S)

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